Ohio Planning Assoc Trends And Best Practices In Ced

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An ED Litmus Test for your Community: Are you in Hostile Waters and What do do about it? Ohio Planning Conference October 20, 2011

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Ohio Planning Assoc Trends And Best Practices In Ced

  1. 1. Della G. Rucker, AICP CEcDThe Wise Economy Workshop Jim Kinnett, CEcD, FM, EDFPThe Kinnett ConsultingS Group Mark Barbash, FM Economic Development Consultng
  2. 2.  Whatis Local Economic Development? Best Practices and National Trends How is your community doing? What you can do to help your community improve?
  3. 3.  Della Rucker Jim Kinnett Mark Barbash
  4. 4. Economic development is acting to ensure that the economy of your community or region (your income or savings) grows faster than yourpopulation (your expenses) so you have the extra resources in the future to finance improvement.
  5. 5.  Public-private organizations Chambers City departments Regional organizations State organizations Neighborhood, downtown, community development organizations Increasingly, you.
  6. 6. Never waste agood crisis!
  7. 7.  Cuts at state AND federal levels Stress on operating ED budgets
  8. 8.  New ways to collaborate Restructuring of state and local ED partnerships What’s the future of incentives?
  9. 9.  Changing State Roles • Wisconsin • Florida • Ohio Localand regional groups adjusting to the new reality
  10. 10.  Ambivalence/Disconnect over manufacturing Re-shoring in some industries, but it’s not the same Pressure to improve efficiency The right skills for the right job.
  11. 11.  Web –enabled site selection Globalcompetition - even for small communities
  12. 12.  Critical need for retention and expansion
  13. 13.  Musthave a fully qualified workforce
  14. 14.  New types of work and spaces Increasing importance of small businesses (but not just any) Changing ways to do business Freelancer Economy
  15. 15.  StrategicDoing vs. Strategic Planning Increasedfocus on skill and workforce development EconomicGardening vs. Entrepreneurship
  16. 16. “The knowledgeeconomy…” Everyone’s in the innovation business Connect to higher education. Importance of places that matter.
  17. 17.  Online networks and communication Speed & reach of ideas Crowdsourced finance
  18. 18.  Is your economy growing faster than your population? • Economy: Income, savings, wages, • Population: Count, demographic, and the costs of serving the population Incomegreater than your expenses?
  19. 19. A-list Do you have adequate fiscal resources to meet short-term needs? Do you have adequate fiscal resources to meet long-term needs? Is the community maintaining the number &quality of jobs? Is the community dependent on one or a small number of businesses?
  20. 20. B-List Is your environment improving?’ Is your crime activity increasing? Do you have housing that your residents can afford, and a range of housing choices available? Is educational attainment improving?
  21. 21. C-List Is leadership strong in your  Do your have strong community? transportation systems? Is tolerance, diversity and interest strong in your  Is there social community? harmony in the Community?  Do you have a strong healthcare delivery system?
  22. 22. Town A:Litmus Item High Medium LowShort term fiscal strength? XNot dependent on one /small # Xbusinesses?Quality of jobs? XEducational attainment? XLack of crime? XHousing cost? XLeadership? XDiverse range of people? X
  23. 23. Town B:Litmus Item High Medium LowShort term fiscal strength? XNot dependent on one /small # Xbusinesses?Quality of jobs? XEducational attainment? XLack of crime? XHousing cost? XLeadership? XDiverse range of people? X
  24. 24. Strategic Perspective Tactical Opportunistic Organized Delusion Clueless Apathy Hostile Waters
  25. 25.  Talk to each other Prod the economic developers to talk to each other Tear down the walls between you and them Make all plans in real partnership
  26. 26.  Beaccountable to the public Pullthem into the conversations to help you find the best answers How? Stay tuned….
  27. 27. Della Rucker, AICP, CEcD James Kinnett, CEcD, FM, EDFPThe Wise Economy Workshop The Kinnett Consulting Groupwww.wiseeconomy.com www.kinnett.bizDella.rucker@wiseeconomy.com Jim@kinnett.biz513.288.6613 812.290.5663 @dellarucker Mark Barbash, FM Della Rucker AICP CEcD Economic Development ConsultingAlso on LinkedIn and www.markbarbashconsulting.comGoogle+ mark@markbarbashconsulting.com Also on LinkedIn

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